Global Markets Rattled by Middle East Tensions; Container Freight Rates Rise
Concerns are deepening over the global economic impact of potential conflict in the Middle East, with rising prices, reeling stock markets, and fuel rationing in developing countries. This includes a new phase of increases in container shipping freight rates, exacerbated by fears over the blockage of the Strait of Hormuz.
The Story
Analyzing sources…
Source Diversity
Source Diversity
Moderate (46/100)Sources
The Other Markets Being Rattled by the Blockage of Hormuz - WSJ
The Other Markets Being Rattled by the Blockage of Hormuz WSJ
Read full article →Worries deepen over global economic pain from Iran war
WASHINGTON (AP) — US and Israeli attacks on Iran have driven up prices, darkened the outlook for the world economy, sent global stock markets reeling and forced developing countries to ration fuel and subsidize energy costs to protect their poorest. Ongoing strikes and counterstrikes on Persian Gulf refineries, pipelines, gas fields and tanker terminals threaten to the prolong the global economic pain for months, even years. “A week ago or certainly two weeks ago, I would have said, If the war s
By The Korea Herald
Read full article →Coverage Timeline
Related Stories
DICT Pledges Wider Free Internet Access on Philippines' 32nd Connectivity Anniversary
just now
Philippine SSS Considers Loan Relief and Condonation Programs
just now
Rising Fuel Costs Drive Up Palm Frond Prices in Philippines Ahead of Palm Sunday
just now
Philippines Fuel Prices Expected to Rise Again
just now